--------------------------------------------------------------------------------
      name:  <unnamed>
       log:  D:\Dropbox\Work\Research\CreditCardABSRewrite\Draft\ReplicationFile
> s\Tab_10\Table_10_Log.log
  log type:  text
 opened on:   1 Jan 2022, 16:01:52

. 
. import delimited "Data_Table_10.csv"
(encoding automatically selected: ISO-8859-1)
(13 vars, 16,842 obs)

. 
. * generate indicators for subperiods
. generate pre=1 if year<2007
(5,790 missing values generated)

. generate cri=1 if year>2006 & year<2010
(13,252 missing values generated)

. generate post=1 if year>2009 & year<2020
(14,642 missing values generated)

. 
. * Table 10
. 
. *****************
. * A Tranche
. * All
. regress riskprem_a risk capital cds c.risk#c.intensity c.capital#c.intensity c
> .cds#c.intensity i.year, vce(cluster year)

Linear regression                               Number of obs     =      7,669
                                                F(5, 17)          =          .
                                                Prob > F          =          .
                                                R-squared         =     0.5941
                                                Root MSE          =     .79874

                                  (Std. err. adjusted for 18 clusters in year)
------------------------------------------------------------------------------
             |               Robust
  riskprem_a | Coefficient  std. err.      t    P>|t|     [95% conf. interval]
-------------+----------------------------------------------------------------
        risk |  -.0603436   .5346003    -0.11   0.911    -1.188252    1.067564
     capital |  -.0675171   .2442868    -0.28   0.786    -.5829172    .4478829
         cds |   1.966105   .2832808     6.94   0.000     1.368435    2.563776
             |
      c.risk#|
 c.intensity |   .0254203   .0808799     0.31   0.757    -.1452213    .1960618
             |
   c.capital#|
 c.intensity |   .0128391   .0361785     0.35   0.727    -.0634908    .0891691
             |
       c.cds#|
 c.intensity |  -.2533832   .0495513    -5.11   0.000    -.3579274   -.1488391
             |
        year |
       2002  |   .0502533     .04994     1.01   0.328     -.055111    .1556176
       2003  |   .1996426   .0708463     2.82   0.012       .05017    .3491152
       2004  |   .2801893   .1098628     2.55   0.021     .0483991    .5119795
       2005  |  -.0070063   .1391096    -0.05   0.960     -.300502    .2864894
       2006  |   .4041323   .1240199     3.26   0.005     .1424731    .6657915
       2007  |   .5616211   .0931696     6.03   0.000     .3650503    .7581919
       2008  |   2.143069   .0719126    29.80   0.000     1.991346    2.294791
       2009  |   1.403627   .1181246    11.88   0.000     1.154406    1.652848
       2010  |   .0333734   .1115358     0.30   0.768    -.2019466    .2686934
       2011  |  -.0041412   .1489006    -0.03   0.978     -.318294    .3100117
       2012  |  -.0698617    .176282    -0.40   0.697    -.4417842    .3020607
       2013  |   .0682435   .1823144     0.37   0.713    -.3164063    .4528932
       2014  |   .1533699   .2007451     0.76   0.455    -.2701652    .5769051
       2015  |   .2190899   .2220317     0.99   0.338     -.249356    .6875358
       2017  |   .1959837   .1655338     1.18   0.253     -.153262    .5452295
       2018  |    .165876   .1594486     1.04   0.313    -.1705311    .5022831
       2019  |   .1242578   .1666947     0.75   0.466    -.2274373    .4759529
             |
       _cons |   -.787845   .2250383    -3.50   0.003    -1.262634   -.3130557
------------------------------------------------------------------------------

. outreg2 using Tab10_A, stats(coef tstat) noaster adjr2 nocons title("A Tranche
> ") ctitle("All") drop(i.year riskprem*) bdec(4) bfmt(f) tdec(2) tfmt(f) rdec(3
> ) rfmt(f) word replace
Tab10_A.rtf
dir : seeout

. 
. * 2000-2006
. regress riskprem_a risk capital cds c.risk#c.intensity c.capital#c.intensity c
> .cds#c.intensity i.year if pre==1, vce(cluster year)

Linear regression                               Number of obs     =      4,052
                                                F(4, 5)           =          .
                                                Prob > F          =          .
                                                R-squared         =     0.1834
                                                Root MSE          =     .61056

                                   (Std. err. adjusted for 6 clusters in year)
------------------------------------------------------------------------------
             |               Robust
  riskprem_a | Coefficient  std. err.      t    P>|t|     [95% conf. interval]
-------------+----------------------------------------------------------------
        risk |   .0154036   .4887614     0.03   0.976    -1.240998    1.271805
     capital |  -.0599176   .1790384    -0.33   0.751    -.5201505    .4003153
         cds |   .6717775   .9236063     0.73   0.500    -1.702428    3.045983
             |
      c.risk#|
 c.intensity |   .0196888   .0679491     0.29   0.784    -.1549799    .1943576
             |
   c.capital#|
 c.intensity |   .0098736   .0285026     0.35   0.743    -.0633947    .0831419
             |
       c.cds#|
 c.intensity |  -.0856622   .1245435    -0.69   0.522    -.4058116    .2344871
             |
        year |
       2002  |    .179866   .0831708     2.16   0.083    -.0339314    .3936634
       2003  |   .1761453   .0266669     6.61   0.001     .1075958    .2446948
       2004  |   .2255028   .0454794     4.96   0.004     .1085943    .3424114
       2005  |  -.0722882   .0542992    -1.33   0.241    -.2118688    .0672925
       2006  |   .2976084   .0607669     4.90   0.004      .141402    .4538148
             |
       _cons |  -.7555329   .4876727    -1.55   0.182    -2.009136    .4980698
------------------------------------------------------------------------------

. outreg2 using Tab10_A, stats(coef tstat) noaster adjr2 nocons title("A Tranche
> ") ctitle("2000-2006") drop(i.year riskprem*) bdec(4) bfmt(f) tdec(2) tfmt(f) 
> rdec(3) rfmt(f) word 
Tab10_A.rtf
dir : seeout

. 
. * 2007-2009
. regress riskprem_a risk capital cds c.risk#c.intensity c.capital#c.intensity c
> .cds#c.intensity i.year if cri==1, vce(cluster year)

Linear regression                               Number of obs     =      2,058
                                                F(1, 2)           =          .
                                                Prob > F          =          .
                                                R-squared         =     0.4837
                                                Root MSE          =     1.2355

                                   (Std. err. adjusted for 3 clusters in year)
------------------------------------------------------------------------------
             |               Robust
  riskprem_a | Coefficient  std. err.      t    P>|t|     [95% conf. interval]
-------------+----------------------------------------------------------------
        risk |  -7.216269    9.35531    -0.77   0.521    -47.46892    33.03638
     capital |   2.745246   3.779146     0.73   0.543    -13.51511     19.0056
         cds |   1.877877   2.722413     0.69   0.562    -9.835718    13.59147
             |
      c.risk#|
 c.intensity |   1.103889   1.424984     0.77   0.520    -5.027323    7.235101
             |
   c.capital#|
 c.intensity |  -.4161144    .562991    -0.74   0.537    -2.838469     2.00624
             |
       c.cds#|
 c.intensity |  -.2315794   .4517761    -0.51   0.659    -2.175415    1.712256
             |
        year |
       2008  |   1.460341   .1706876     8.56   0.013     .7259317    2.194751
       2009  |   .3344362   .5534322     0.60   0.607    -2.046791    2.715663
             |
       _cons |   1.524936   1.064546     1.43   0.288    -3.055437    6.105309
------------------------------------------------------------------------------

. outreg2 using Tab10_A, stats(coef tstat) noaster adjr2 nocons title("A Tranche
> ") ctitle("2007-2009") drop(i.year riskprem*) bdec(4) bfmt(f) tdec(2) tfmt(f) 
> rdec(3) rfmt(f) word
Tab10_A.rtf
dir : seeout

. 
. * 2010-2020
. regress riskprem_a risk capital cds c.risk#c.intensity c.capital#c.intensity c
> .cds#c.intensity i.year if post==1, vce(cluster year)

Linear regression                               Number of obs     =      1,559
                                                F(5, 8)           =          .
                                                Prob > F          =          .
                                                R-squared         =     0.2176
                                                Root MSE          =     .16182

                                   (Std. err. adjusted for 9 clusters in year)
------------------------------------------------------------------------------
             |               Robust
  riskprem_a | Coefficient  std. err.      t    P>|t|     [95% conf. interval]
-------------+----------------------------------------------------------------
        risk |   3.393596    1.62528     2.09   0.070    -.3543056    7.141497
     capital |  -1.408158   .6417804    -2.19   0.060    -2.888107    .0717898
         cds |  -1.151733   .7438215    -1.55   0.160    -2.866989    .5635221
             |
      c.risk#|
 c.intensity |  -.5230076   .2494904    -2.10   0.069    -1.098333    .0523182
             |
   c.capital#|
 c.intensity |   .2147956   .1012878     2.12   0.067    -.0187744    .4483656
             |
       c.cds#|
 c.intensity |   .1977138   .1183782     1.67   0.133    -.0752669    .4706945
             |
        year |
       2011  |   .0823287   .0529706     1.55   0.159    -.0398217    .2044791
       2012  |   .0384254   .0681052     0.56   0.588    -.1186253    .1954762
       2013  |   .0710558   .0654161     1.09   0.309    -.0797941    .2219057
       2014  |   .1558836   .0874599     1.78   0.113    -.0457993    .3575664
       2015  |   .3137366   .1130659     2.77   0.024     .0530061     .574467
       2017  |   .0237572   .0339794     0.70   0.504    -.0545994    .1021138
       2018  |   .0536686   .0272564     1.97   0.084    -.0091847    .1165219
       2019  |   .0010472   .0356826     0.03   0.977     -.081237    .0833313
             |
       _cons |   .1060723   .5023052     0.21   0.838    -1.052245     1.26439
------------------------------------------------------------------------------

. outreg2 using Tab10_A, stats(coef tstat) noaster adjr2 nocons title("A Tranche
> ") ctitle("2010-2020") drop(i.year riskprem*) bdec(4) bfmt(f) tdec(2) tfmt(f) 
> rdec(3) rfmt(f) word
Tab10_A.rtf
dir : seeout

. 
. 
. *******************
. * B Tranche
. * All
. regress riskprem_b risk capital cds c.risk#c.intensity c.capital#c.intensity c
> .cds#c.intensity i.year, vce(cluster year)

Linear regression                               Number of obs     =      7,669
                                                F(5, 17)          =          .
                                                Prob > F          =          .
                                                R-squared         =     0.6309
                                                Root MSE          =       2.05

                                  (Std. err. adjusted for 18 clusters in year)
------------------------------------------------------------------------------
             |               Robust
  riskprem_b | Coefficient  std. err.      t    P>|t|     [95% conf. interval]
-------------+----------------------------------------------------------------
        risk |   1.042806   1.762157     0.59   0.562    -2.675019    4.760632
     capital |  -.4066216   .7375298    -0.55   0.589    -1.962673     1.14943
         cds |    6.80077   1.333791     5.10   0.000     3.986718    9.614823
             |
      c.risk#|
 c.intensity |  -.1303099   .2765562    -0.47   0.643    -.7137925    .4531728
             |
   c.capital#|
 c.intensity |   .0783328   .1152959     0.68   0.506    -.1649202    .3215859
             |
       c.cds#|
 c.intensity |  -.8617802   .1974492    -4.36   0.000    -1.278362   -.4451989
             |
        year |
       2002  |  -.3679388   .2140083    -1.72   0.104    -.8194569    .0835792
       2003  |   .4981545   .2260361     2.20   0.042     .0212599     .975049
       2004  |   .7101538   .3763389     1.89   0.076    -.0838518    1.504159
       2005  |   .2701441   .4560723     0.59   0.561    -.6920843    1.232373
       2006  |   .9375542   .4700652     1.99   0.062    -.0541966    1.929305
       2007  |   1.014022   .3226993     3.14   0.006     .3331859    1.694858
       2008  |   3.452295    .368391     9.37   0.000     2.675058    4.229533
       2009  |   5.006772   .4095587    12.22   0.000     4.142679    5.870866
       2010  |   .0806125   .2202578     0.37   0.719    -.3840907    .5453158
       2011  |   .0614756   .2634863     0.23   0.818    -.4944319    .6173832
       2012  |   .5123761   .4022576     1.27   0.220    -.3363133    1.361066
       2013  |   .3813818   .4961505     0.77   0.453    -.6654043    1.428168
       2014  |   .2754199   .5662818     0.49   0.633    -.9193303     1.47017
       2015  |   .1566245   .5914074     0.26   0.794    -1.091136    1.404385
       2017  |   .5742601   .5793141     0.99   0.335    -.6479857    1.796506
       2018  |   .3318005   .5109233     0.65   0.525    -.7461535    1.409755
       2019  |    .358593    .549072     0.65   0.522    -.7998476    1.517034
             |
       _cons |  -2.877629    .831681    -3.46   0.003    -4.632323   -1.122936
------------------------------------------------------------------------------

. outreg2 using Tab10_B, stats(coef tstat) noaster adjr2 nocons title("B Tranche
> ") ctitle("All") drop(i.year riskprem*) bdec(4) bfmt(f) tdec(2) tfmt(f) rdec(3
> ) rfmt(f) word replace
Tab10_B.rtf
dir : seeout

. 
. * 2000-2006
. regress riskprem_b risk capital cds c.risk#c.intensity c.capital#c.intensity c
> .cds#c.intensity i.year if pre==1, vce(cluster year)

Linear regression                               Number of obs     =      4,052
                                                F(4, 5)           =          .
                                                Prob > F          =          .
                                                R-squared         =     0.1879
                                                Root MSE          =     .91748

                                   (Std. err. adjusted for 6 clusters in year)
------------------------------------------------------------------------------
             |               Robust
  riskprem_b | Coefficient  std. err.      t    P>|t|     [95% conf. interval]
-------------+----------------------------------------------------------------
        risk |  -.2295484   .7148902    -0.32   0.761    -2.067232    1.608135
     capital |  -.0157977   .2775314    -0.06   0.957    -.7292149    .6976194
         cds |   .8968961    1.23414     0.73   0.500    -2.275562    4.069354
             |
      c.risk#|
 c.intensity |   .0677071    .100623     0.67   0.531    -.1909527    .3263669
             |
   c.capital#|
 c.intensity |   .0023271   .0435815     0.05   0.959    -.1097027    .1143569
             |
       c.cds#|
 c.intensity |  -.1147501   .1679598    -0.68   0.525    -.5465044    .3170043
             |
        year |
       2002  |    .308891   .1021758     3.02   0.029     .0462397    .5715424
       2003  |   .3302095   .0368869     8.95   0.000     .2353888    .4250302
       2004  |    .366847   .0645866     5.68   0.002     .2008217    .5328723
       2005  |  -.0901193   .0794974    -1.13   0.308    -.2944737    .1142352
       2006  |   .3823888   .0849916     4.50   0.006     .1639108    .6008668
             |
       _cons |  -.9979765   .6103102    -1.64   0.163    -2.566829    .5708758
------------------------------------------------------------------------------

. outreg2 using Tab10_B, stats(coef tstat) noaster adjr2 nocons title("B Tranche
> ") ctitle("2000-2006") drop(i.year riskprem*) bdec(4) bfmt(f) tdec(2) tfmt(f) 
> rdec(3) rfmt(f) word
Tab10_B.rtf
dir : seeout

. 
. * 2007-2009
. regress riskprem_b risk capital cds c.risk#c.intensity c.capital#c.intensity c
> .cds#c.intensity i.year if cri==1, vce(cluster year)

Linear regression                               Number of obs     =      2,058
                                                F(1, 2)           =          .
                                                Prob > F          =          .
                                                R-squared         =     0.5434
                                                Root MSE          =      3.509

                                   (Std. err. adjusted for 3 clusters in year)
------------------------------------------------------------------------------
             |               Robust
  riskprem_b | Coefficient  std. err.      t    P>|t|     [95% conf. interval]
-------------+----------------------------------------------------------------
        risk |  -6.822261   26.53105    -0.26   0.821    -120.9762    107.3316
     capital |   2.603765   10.59291     0.25   0.829    -42.97385    48.18138
         cds |   4.038327   7.463234     0.54   0.643    -28.07338    36.15003
             |
      c.risk#|
 c.intensity |   1.006778   4.059631     0.25   0.827    -16.46041    18.47396
             |
   c.capital#|
 c.intensity |  -.3854656   1.590818    -0.24   0.831    -7.230204    6.459273
             |
       c.cds#|
 c.intensity |  -.3536446   1.282258    -0.28   0.809    -5.870756    5.163467
             |
        year |
       2008  |   1.645619   1.021559     1.61   0.249    -2.749796    6.041034
       2009  |   2.881879     1.0748     2.68   0.115     -1.74261    7.506369
             |
       _cons |   1.827018   3.304249     0.55   0.636    -12.39002    16.04406
------------------------------------------------------------------------------

. outreg2 using Tab10_B, stats(coef tstat) noaster adjr2 nocons title("B Tranche
> ") ctitle("2007-2009") drop(i.year riskprem*) bdec(4) bfmt(f) tdec(2) tfmt(f) 
> rdec(3) rfmt(f) word
Tab10_B.rtf
dir : seeout

. 
. * 2010-2020
. regress riskprem_b risk capital cds c.risk#c.intensity c.capital#c.intensity c
> .cds#c.intensity i.year if post==1, vce(cluster year)

Linear regression                               Number of obs     =      1,559
                                                F(5, 8)           =          .
                                                Prob > F          =          .
                                                R-squared         =     0.2212
                                                Root MSE          =     .69788

                                   (Std. err. adjusted for 9 clusters in year)
------------------------------------------------------------------------------
             |               Robust
  riskprem_b | Coefficient  std. err.      t    P>|t|     [95% conf. interval]
-------------+----------------------------------------------------------------
        risk |   7.603534   2.271774     3.35   0.010     2.364813    12.84226
     capital |  -2.826263   .9830333    -2.88   0.021    -5.093142   -.5593837
         cds |  -1.807047   .7644121    -2.36   0.046    -3.569785   -.0443097
             |
      c.risk#|
 c.intensity |  -1.149171   .3460167    -3.32   0.011    -1.947087   -.3512548
             |
   c.capital#|
 c.intensity |   .4433879   .1485978     2.98   0.017     .1007207    .7860551
             |
       c.cds#|
 c.intensity |   .3439669   .1144824     3.00   0.017       .07997    .6079638
             |
        year |
       2011  |   .2201221   .0799721     2.75   0.025     .0357061    .4045382
       2012  |   .5145421   .1420628     3.62   0.007     .1869446    .8421395
       2013  |  -.0032735   .1349683    -0.02   0.981     -.314511    .3079641
       2014  |  -.1784445   .1755796    -1.02   0.339    -.5833316    .2264427
       2015  |  -.0902973   .2242971    -0.40   0.698    -.6075273    .4269327
       2017  |  -.3803335   .0822409    -4.62   0.002    -.5699814   -.1906856
       2018  |  -.4094616   .0737608    -5.55   0.001    -.5795544   -.2393688
       2019  |  -.4499601   .0888371    -5.07   0.001    -.6548188   -.2451013
             |
       _cons |  -1.563984   .4260779    -3.67   0.006    -2.546521   -.5814463
------------------------------------------------------------------------------

. outreg2 using Tab10_B, stats(coef tstat) noaster adjr2 nocons title("B Tranche
> ") ctitle("2010-2020") drop(i.year riskprem*) bdec(4) bfmt(f) tdec(2) tfmt(f) 
> rdec(3) rfmt(f) word
Tab10_B.rtf
dir : seeout

. 
. 
. *******************
. * C Tranche
. * All
. regress riskprem_c risk capital cds c.risk#c.intensity c.capital#c.intensity c
> .cds#c.intensity i.year, vce(cluster year)

Linear regression                               Number of obs     =      7,669
                                                F(5, 17)          =          .
                                                Prob > F          =          .
                                                R-squared         =     0.6452
                                                Root MSE          =     3.0363

                                  (Std. err. adjusted for 18 clusters in year)
------------------------------------------------------------------------------
             |               Robust
  riskprem_c | Coefficient  std. err.      t    P>|t|     [95% conf. interval]
-------------+----------------------------------------------------------------
        risk |   2.329406   2.822854     0.83   0.421    -3.626296    8.285107
     capital |  -.8821616   1.149655    -0.77   0.453    -3.307721    1.543398
         cds |   10.12387   2.021376     5.01   0.000     5.859143     14.3886
             |
      c.risk#|
 c.intensity |  -.2952437   .4404043    -0.67   0.512    -1.224416    .6339281
             |
   c.capital#|
 c.intensity |   .1634271   .1829199     0.89   0.384    -.2225001    .5493544
             |
       c.cds#|
 c.intensity |   -1.27318    .307947    -4.13   0.001    -1.922892    -.623469
             |
        year |
       2002  |  -.8316132   .3946294    -2.11   0.050    -1.664208     .000982
       2003  |   .4982939   .3221165     1.55   0.140    -.1813125      1.1779
       2004  |   .7118401   .5287568     1.35   0.196    -.4037392    1.827419
       2005  |  -.1513943   .6332799    -0.24   0.814    -1.487498    1.184709
       2006  |   .8985018   .6650626     1.35   0.194    -.5046577    2.301661
       2007  |   .9648533   .4463698     2.16   0.045     .0230953    1.906611
       2008  |   4.337837   .5946028     7.30   0.000     3.083335    5.592339
       2009  |   7.372663   .6655011    11.08   0.000     5.968578    8.776748
       2010  |  -.0331099   .2763081    -0.12   0.906    -.6160691    .5498493
       2011  |  -.2339096   .3352243    -0.70   0.495     -.941171    .4733517
       2012  |   .5787582   .5214718     1.11   0.283    -.5214512    1.678968
       2013  |   .1866143   .6504562     0.29   0.778    -1.185728    1.558957
       2014  |   .0359303   .7456735     0.05   0.962    -1.537303    1.609164
       2015  |   -.122206   .7740349    -0.16   0.876    -1.755277    1.510865
       2017  |    .765465   .7793019     0.98   0.340    -.8787183    2.409648
       2018  |   .3840793    .677783     0.57   0.578    -1.045918    1.814077
       2019  |    .415788   .7316862     0.57   0.577    -1.127935    1.959511
             |
       _cons |   -4.92717    1.41643    -3.48   0.003    -7.915576   -1.938764
------------------------------------------------------------------------------

. outreg2 using Tab10_C, stats(coef tstat) noaster adjr2 nocons title("C Tranche
> ") ctitle("All") drop(i.year riskprem*) bdec(4) bfmt(f) tdec(2) tfmt(f) rdec(3
> ) rfmt(f) word replace
Tab10_C.rtf
dir : seeout

. 
. * 2000-2006
. regress riskprem_c risk capital cds c.risk#c.intensity c.capital#c.intensity c
> .cds#c.intensity i.year if pre==1, vce(cluster year)

Linear regression                               Number of obs     =      4,052
                                                F(4, 5)           =          .
                                                Prob > F          =          .
                                                R-squared         =     0.2564
                                                Root MSE          =     1.4096

                                   (Std. err. adjusted for 6 clusters in year)
------------------------------------------------------------------------------
             |               Robust
  riskprem_c | Coefficient  std. err.      t    P>|t|     [95% conf. interval]
-------------+----------------------------------------------------------------
        risk |   .1874156   1.109508     0.17   0.872    -2.664665    3.039497
     capital |  -.2204499   .4725888    -0.47   0.660    -1.435278    .9943783
         cds |   3.310206   2.522785     1.31   0.246    -3.174819    9.795231
             |
      c.risk#|
 c.intensity |   .0369557   .1557508     0.24   0.822    -.3634146    .4373259
             |
   c.capital#|
 c.intensity |   .0371808   .0722043     0.51   0.629    -.1484263    .2227879
             |
       c.cds#|
 c.intensity |  -.4331705   .3417296    -1.27   0.261    -1.311614    .4452734
             |
        year |
       2002  |   .1283264   .2365413     0.54   0.611    -.4797224    .7363753
       2003  |   .3324915   .0889381     3.74   0.013     .1038688    .5611142
       2004  |   .3059115   .1316279     2.32   0.068    -.0324487    .6442717
       2005  |  -.5690507   .1667961    -3.41   0.019    -.9978137   -.1402877
       2006  |   .2194412   .1703204     1.29   0.254    -.2183813    .6572637
             |
       _cons |  -2.211291   .9830738    -2.25   0.074    -4.738363    .3157802
------------------------------------------------------------------------------

. outreg2 using Tab10_C, stats(coef tstat) noaster  adjr2 nocons title("C Tranch
> e") ctitle("2000-2006") drop(i.year riskprem*) bdec(4) bfmt(f) tdec(2) tfmt(f)
>  rdec(3) rfmt(f) word
Tab10_C.rtf
dir : seeout

. 
. * 2007-2009
. regress riskprem_c risk capital cds c.risk#c.intensity c.capital#c.intensity c
> .cds#c.intensity i.year if cri==1, vce(cluster year)

Linear regression                               Number of obs     =      2,058
                                                F(1, 2)           =          .
                                                Prob > F          =          .
                                                R-squared         =     0.5735
                                                Root MSE          =     5.1359

                                   (Std. err. adjusted for 3 clusters in year)
------------------------------------------------------------------------------
             |               Robust
  riskprem_c | Coefficient  std. err.      t    P>|t|     [95% conf. interval]
-------------+----------------------------------------------------------------
        risk |  -15.33707   36.20065    -0.42   0.713    -171.0959    140.4218
     capital |   5.937655   14.35876     0.41   0.719    -55.84312    67.71843
         cds |   6.417579   11.03775     0.58   0.620    -41.07403    53.90918
             |
      c.risk#|
 c.intensity |   2.323129   5.541917     0.42   0.716    -21.52182    26.16807
             |
   c.capital#|
 c.intensity |  -.8833251   2.159562    -0.41   0.722    -10.17517    8.408519
             |
       c.cds#|
 c.intensity |  -.5883546    1.89395    -0.31   0.785    -8.737364    7.560655
             |
        year |
       2008  |   2.211584    1.53838     1.44   0.287    -4.407532      8.8307
       2009  |   4.427498   1.433462     3.09   0.091    -1.740189    10.59519
             |
       _cons |   2.065811   4.667349     0.44   0.701    -18.01617    22.14779
------------------------------------------------------------------------------

. outreg2 using Tab10_C, stats(coef tstat) noaster adjr2 nocons title("C Tranche
> ") ctitle("2007-2009") drop(i.year riskprem*) bdec(4) bfmt(f) tdec(2) tfmt(f) 
> rdec(3) rfmt(f) word
Tab10_C.rtf
dir : seeout

. 
. * 2010-2020
. regress riskprem_c risk capital cds c.risk#c.intensity c.capital#c.intensity c
> .cds#c.intensity i.year if post==1, vce(cluster year)

Linear regression                               Number of obs     =      1,559
                                                F(5, 8)           =          .
                                                Prob > F          =          .
                                                R-squared         =     0.1729
                                                Root MSE          =     1.1611

                                   (Std. err. adjusted for 9 clusters in year)
------------------------------------------------------------------------------
             |               Robust
  riskprem_c | Coefficient  std. err.      t    P>|t|     [95% conf. interval]
-------------+----------------------------------------------------------------
        risk |   4.511481   1.328711     3.40   0.009     1.447467    7.575495
     capital |  -1.505656   .7202295    -2.09   0.070    -3.166508    .1551967
         cds |   .4119595   1.239958     0.33   0.748    -2.447389    3.271309
             |
      c.risk#|
 c.intensity |  -.6595277   .2021184    -3.26   0.011    -1.125614   -.1934418
             |
   c.capital#|
 c.intensity |   .2568119   .1033114     2.49   0.038     .0185755    .4950484
             |
       c.cds#|
 c.intensity |  -.0247147    .199796    -0.12   0.905     -.485445    .4360157
             |
        year |
       2011  |  -.0467548   .1151653    -0.41   0.695    -.3123266    .2188169
       2012  |   .3037006   .1797528     1.69   0.130    -.1108101    .7182112
       2013  |  -.6529947   .1840569    -3.55   0.008    -1.077431   -.2285588
       2014  |  -1.036079   .2332515    -4.44   0.002    -1.573958   -.4982005
       2015  |  -1.030164   .2953186    -3.49   0.008     -1.71117   -.3491579
       2017  |  -.7663548    .123624    -6.20   0.000    -1.051432   -.4812775
       2018  |  -.7732928    .116131    -6.66   0.000    -1.041091   -.5054943
       2019  |  -.9005465    .132659    -6.79   0.000    -1.206459   -.5946343
             |
       _cons |    -1.9001   .4879011    -3.89   0.005    -3.025202   -.7749982
------------------------------------------------------------------------------

. outreg2 using Tab10_C, stats(coef tstat) noaster  adjr2 nocons title("C Tranch
> e") ctitle("2010-2020") drop(i.year riskprem*) bdec(4) bfmt(f) tdec(2) tfmt(f)
>  rdec(3) rfmt(f) word
Tab10_C.rtf
dir : seeout

. 
. log close
      name:  <unnamed>
       log:  D:\Dropbox\Work\Research\CreditCardABSRewrite\Draft\ReplicationFile
> s\Tab_10\Table_10_Log.log
  log type:  text
 closed on:   1 Jan 2022, 16:01:56
--------------------------------------------------------------------------------
